Australia: Housing market stuck in trough: survey

Sydney and Melbourne’s housing markets are at least two years away from shifting out of the current trough, but once the momentum starts, the rise will be strong, according to the 28th annual Australian Property Directions Survey.
Using the property clock system, whereby 12 noon to 6pm is a downswing, the data shows that the Sydney residential property market has shown little movement over the seven years that this data has been collected and is not seen as making significant progress over the next two years………………………………………..Full Article: Source